Latest News | SpiceJet Shares Rally over 12 Pc After Co Posts Rs 107 Crore Profit in Dec Quarter
Get latest articles and stories on Latest News at LatestLY. Shares of SpiceJet on Friday surged over 12 per cent after the company reported a higher net profit of Rs 107 crore in the three months ended December 2022.
New Delhi, Feb 24 (PTI) Shares of SpiceJet on Friday surged over 12 per cent after the company reported a higher net profit of Rs 107 crore in the three months ended December 2022.
The stock jumped 12.31 per cent to settle at Rs 39.70 per piece on the BSE. During the day, it rallied 15.27 per cent to Rs 40.75.
In volume terms, 25.44 lakh shares were traded on the BSE during the day.
No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses.
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The carrier had a net profit of Rs 23.28 crore in the year-ago period.
"Despite a big jump in passenger traffic, business continued to be impacted by high fuel prices and depreciating rupee," it said in a release.
In the third quarter of the current fiscal, the airline's net profit stood at Rs 221 crore, excluding forex adjustment and the corresponding figure in the same period a year ago was at Rs 20 crore.
Revenues of SpiceJet rose to Rs 2,794 crore in the latest quarter under review compared to Rs 2,679 crore in the year-ago period.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)